Property profile

1430 Commercial SE St Salem, OR 97302

OFF-MARKET
Medical Office Space
Property ID
US71-0951073
7,042 SF 0.55 ac lot Built 1987
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1987
Total area 7,042 SF
Lot 0.55 ac (23,958 SF)
Zoning code CO
APN 073W27CD05100
UPID US71-0951073

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Employment Agency
  • Physician Medical Clinic
  • Physician

Location

1430 Commercial SE St Salem, OR 97302-4308
Salem metro Census 1200 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.01M
Blend (final) Blend
$1.44M

Owner & transaction history

since 2015
7 recorded transactions
2015
Price N/A
2014
$1.5M
2014
Price N/A
2007
$1.5M
2007
Price N/A
1985
$182,500
1969
Price N/A

Zoning & alternative use

CO · Salem, OR
Zoning description

The purpose of the Commercial Office (CO) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards.

General category COMMERCIAL
Top alternative use upside
Restaurant $3.1M +30.4%
Auto repair, garage $2.5M +5.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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